IRS Releases Draft Uncertain Tax Position ScheduleThe Internal
Revenue Service has released a draft schedule and instructions for business taxpayers with more than $10 million in assets to report their uncertain tax positions,
beginning with 2010 tax years. Comments on the draft schedule and uncertain tax position reporting proposal are due June 1. For more information, read this JournalofAccountancy.com article.

Auditing Standard Board Issues SSAE No. 16, Reporting on Controls at a Service OrganizationThe AICPA Auditing Standards Board has issued Statement on Standards for Attestation Engagements
No. 16, Reporting on Controls at a Service Organization. Read a summary of the new standard, which provides the requirements and guidance for a service auditor reporting on a service organization's controls. SSAE
No. 16 supersedes the guidance for service auditors in SAS No. 70, Service Organizations (AICPA, Professional Standards, vol. 1, AU sec. 324), and is
effective for service auditors' reports for periods ending on or after June 15, 2011. Earlier implementation is permitted. Resources to assist members with the new
standard, including a Webcast, are being
developed.

Free Health Care Reform Article Available for Use with ClientsMembers can download for free Summary of New Health Care Reform Law, a client article from Forefield Advisor and
the AICPA Personal Financial Planning Section. Distribute
this article to clients to help answer their questions about some of the most important provisions of the health care reform legislation. Also, listen to an audio clip of Bob Keebler discussing the new 3.8% Medicare tax and
related planning considerations.

New 360 Degrees of Financial Literacy Website LaunchesCoinciding with April Financial Literacy Month, the new 360 Degrees of Financial Literacy website launched Tuesday. New features on the site
include RSS feeds for each of the 10 life stages and 13 financial topics; comments and ratings for articles; a customized dashboard; quick links to social media; and an
enhanced Ask the Money Dr. section. Add the new widget to
your website to share 360 resources with your colleagues and clients. Through the In My State section, consumers can connect to community events organized by their state
CPA society and local CPA financial literacy volunteers. To add your financial literacy event to your state page, email details to financialliteracy@aicpa.org.

AICPA Survey: Few Tap
Stimulus Programs, Many Delay Major Financial DecisionsNine out of 10 respondents in a recent survey conducted by Harris Interactive for the AICPA
said they have not taken advantage of U.S. government programs to stimulate the economy, such as the Cash for Clunkers incentive program or the housing stimulus tax
credit. Meanwhile, six in 10 people said they were delaying major decisions, such as a vehicle purchase, buying a home or getting a medical procedure, because of
financial concerns. Read this JournalofAccountancy.com
or the news release for details.